CHAPTER 13: YOUR SECRET WEAPON AGAINST CREDITORS
Chapter 13 can stop foreclosure, repossession, garnishment, collections actions, and restore your utilities. It can give you the lifeline you need to survive and help you get back on your feet. Chapter 13 is a payment plan that lasts 36 to 60 months. Most Chapter 13 plans pay as little as 0% back to unsecured creditors such as credit cards, medical bills and payday loans. In addition, Chapter 13 is only on your credit report for 7 years (as opposed to Chapter 7, which is on there for 10 years).